Pathstone Holdings LLC Purchases 1,162 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Pathstone Holdings LLC raised its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 10.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,405 shares of the semiconductor company’s stock after acquiring an additional 1,162 shares during the period. Pathstone Holdings LLC’s holdings in Enphase Energy were worth $1,402,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Benjamin Edwards Inc. grew its holdings in shares of Enphase Energy by 2.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 3,361 shares of the semiconductor company’s stock valued at $335,000 after purchasing an additional 93 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Enphase Energy by 0.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,681 shares of the semiconductor company’s stock worth $1,165,000 after buying an additional 100 shares during the period. Green Alpha Advisors LLC lifted its stake in shares of Enphase Energy by 1.4% in the 3rd quarter. Green Alpha Advisors LLC now owns 7,148 shares of the semiconductor company’s stock valued at $808,000 after acquiring an additional 102 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Enphase Energy by 1.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 5,591 shares of the semiconductor company’s stock valued at $557,000 after acquiring an additional 106 shares during the period. Finally, Centaurus Financial Inc. grew its position in Enphase Energy by 10.2% during the 2nd quarter. Centaurus Financial Inc. now owns 1,280 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 118 shares during the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ENPH shares. Truist Financial dropped their price objective on Enphase Energy from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. TD Cowen decreased their price objective on shares of Enphase Energy from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Piper Sandler dropped their target price on shares of Enphase Energy from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Friday, November 22nd. Roth Mkm reduced their price target on Enphase Energy from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, William Blair started coverage on Enphase Energy in a report on Thursday, August 29th. They issued a “market perform” rating for the company. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $101.13.

Enphase Energy Trading Up 2.6 %

Enphase Energy stock opened at $72.36 on Friday. Enphase Energy, Inc. has a one year low of $58.33 and a one year high of $141.63. The business’s fifty day moving average is $88.23 and its 200 day moving average is $105.27. The stock has a market capitalization of $9.78 billion, a PE ratio of 164.45, a price-to-earnings-growth ratio of 21.26 and a beta of 1.77. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). Enphase Energy had a net margin of 4.91% and a return on equity of 10.56%. The company had revenue of $380.90 million for the quarter, compared to analysts’ expectations of $392.51 million. During the same period in the previous year, the business earned $0.84 EPS. The business’s revenue was down 30.9% compared to the same quarter last year. On average, sell-side analysts predict that Enphase Energy, Inc. will post 0.95 EPS for the current year.

Enphase Energy Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.